GIFT Nifty up 20 points; here's the trading setup for today's session
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Markets ended the holiday-shortened week with modest gains, extending the ongoing consolidation phase. The upcoming week marks the transition into calendar year 2026 and is likely to witness heightened volatility due to the December F&O expiry. Key domestic data points to track include Industrial Production data for November, government budget value figures, external debt statistics, and the final HSBC Manufacturing PMI reading. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 20.50 points, or 0.08 per cent, at 26,094.50, signaling that Dalal Street was headed for a positive start on Monday. Tech View: During the last session, the Nifty found support near the 26,000 level, where the 21 EMA is currently placed. In the near term, the trend may improve and retrace towards 26,200 and higher, provided 26,000 holds decisively. However, a sustained move below 26,000 could...